Stock exchange release


09 February 2005, 13:41 EET

9 February 2005 1 (1)

FORTUM SHARES SUBSCRIBED FOR WITH SHARE WARRANTS The following Fortum shares, subscribed for and paid to the company relating to Fortum Corporation's share warrants, will be traded on the Main List of the Helsinki Stock Exchange starting on 10 February 2005, together with the old shares. Name of scheme Subscription period Quantity Share Option Scheme 2002A for 1 January - 31 2,105,600 key employees January 2005 The increase in the share capital resulting from the share subscriptions, a total of EUR 7,159,040.00, was entered in the Trade Register on 9 February 2005. After this increase, Fortum Corporation's share capital is EUR 2,964,304,273.20 and the total number of shares is 871,854,198. Following the share subscriptions, Fortum Corporation's shareholders' equity increased by a total of EUR 9,980,544.00. According to the terms of subscription, the entitlement to a dividend and other shareholder rights will begin once the increase of share capital has been entered in the Trade Register. The new shares will entitle shareholders to the same rights in the company as the shares of Fortum Corporation listed on the Helsinki Stock Exchange. Basic data of Fortum Corporation shares on 10 February 2005: Trading code: FUM1V ISIN code: FI0009007132 Number of shares: 871,854,198 The next increase in share capital resulting from share subscriptions on the basis of the listed warrants of Fortum Corporation will only be entered into the trade register after the record date for dividend payment in spring 2005. Fortum Corporation Carola Teir-Lehtinen Senior Vice President, Corporate Communications Further information: Jouni Huttunen, tel. +358 10 452 4649 Distribution: Helsinki Stock Exchange Key media